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PoliticsRe: Border Closure: FG Releases Statement by signz: 6:21pm On Oct 14, 2019
Empredboy:
my client ginger enroute to Mali has rotten in Seme border worth millions. So many importers and exporters borrowed money from the bank to do business now the banks are on their neck because no one knows when the border will be opened or some their goods have gotten spoilt. These people have staff that they pay salaries, they pay tax, they pay duty.
EXACTLY!!!!!!!!!!

Also people from other Ecowas nations come to Balogun, Computer Village, Trade Fair, etc to buy goods and transport by road.

Watch as importers will start diverting some of their containers meant for Nigeria to Ghana and it'll affect our govt revenue. We're losing manufacturers to Ghana and now we're about to lose importers to Ghana.
PoliticsRe: Border Closure: FG Releases Statement by signz: 6:10pm On Oct 14, 2019
Badonasty:
Sir...in the 18/19th century Japan was isolated...it's European countries and America that forced them to open up so as to have market for their products...you can't compare a totalitarian regime to a democracy....Nigeria can't get to that point which China got to...we can't keep importing every and anything...it doesn't even make sense...did government stop them from exporting?
Please go to front page now and see that Export has been included. Thank you
PoliticsRe: Border Closure: FG Releases Statement by signz: 5:51pm On Oct 14, 2019
Badonasty:
All these advanced countries pass through this same hardship but Nigerians don't want to suffer...Japan doesn't have any natural resources but they are far ahead....we need to be self sufficient....all the things we should have done in the past is now catching up with us...
Which advanced nation passed thru this hardship? Was there a time Japan closed their borders?

China had a policy like this under Mao. Millions died and millions more fell into abject poverty.

What happened next? Deng Xiaoping came and opened the Chinese market to international trade. What happened next will shock us.

According to the World Bank, more than 850 million people have lifted themselves out of extreme poverty as China's poverty rate fell from 88 percent in 1981 to 0.7 percent in 2015.

Nigerians should please google how Deng Xiaoping did it. Read up on economics,google how other nations did theirs. Please don't allow serpents deceive you into believing that this border blockage is good.

Nigerian businessmen also export goods to Ecowas Community and these businesses pay tax. Ecowas trade is worth $300 bn annually.
PoliticsRe: Border Closure: Rice Smugglers Divert To Pineapples by signz: 9:46am On Oct 12, 2019
Nigerians must understand that border closure will not last forever, I'm not sure it will even last till October next year because of pressure from Ecowas member states to Nigerian diplomats, economists,etc.
We should remember that we didn't stop our exports from going out. Infact there's no hindrance to our exports. Our act is totally unfair to the ECOWAS trade pact that we signed.
This will affect ordinary Nigerian businessmen that export goods to our West African neighbors on the long run. Once they able to get alternatives especially from East Africa then we're toast. Remember, they signed AFCTA before Nigeria could say Jack....

Like an economists said on Radio that what Nigeria is doing is like a man whose water tank is leaking and he stands to block the leakage with his fingers. Will he stand there forever or will he go and find something to fix the leakage?

FG must find out why it is expensive for business people to do the right things/following the rule book and cheaper for them to break the law.

Buhari must devolve power from the center to the states/regions and private sector to build rails,roads and Bridges. Please I don't like that new policy of companies building roads with the taxes they were supposed to pay, I don't think it's wise.

Meanwhile we've not asked why is it that northern borders are open and borders down here are blocked. I can still smuggle things from Cotonou through Niger Republic undecided
PoliticsRe: Border Closure: Rice Smugglers Divert To Pineapples by signz: 8:52am On Oct 12, 2019
chris51:
How can Pineapple fromm Benin Republic b more nuitritious than ours?
I don't know about it being more nutritious, all I know is that it's very sweet (has more sugar). Most pineapple consumed in Lagos are from rep of Benin.

However, the main problem with Nigeria is lack of infrastructure that makes trade amongst states within Nigeria easier. In other words doing business in Nigeria is expensive simply because of logistics.
Example, Enugu state have arguably the biggest pineapple farm in Nigeria run by a Mexican firm. Now this has also motivated other small subsistence farmers to go into pineapple farming in the state. Enugu have the ability to be the pineapple capital of Nigeria and can supply the Lagos market pineapple. However, there's no railway line linking Enugu to Lagos or even Edo to Lagos. The Fed roads are horrible and also add the multiple duties that'll be paid to agberos and police officers from Enugu to Lagos. The cost is already very high, making business sense for business people to smuggle in pineapple from cotonou simply because it's cheaper.

It's also reason why it's cheaper to smuggle in foreign strawberries, bell peppers, etc from cotonou instead of getting them from Jos.

The FG must fix our roads, Bridges, railways and also do something about too many duties, multiple taxations that makes ease of doing business impossible
SportsRe: "The Super Eagles Thread: The Road To AFCON 2027, 2028 And 2030 World Cup by signz: 8:27pm On Oct 11, 2019
tbaba1234:
It is already verified, bro.
Why do you think Rohr doesn't fancy Eze?

Is it his playing style or is it that Eze doesn't have the "right Agent"?
PoliticsRe: Buhari And Economic Advisory Council In Close Door Meeting by signz: 11:58pm On Oct 09, 2019
quickberry2:
Trash.

So, we should abandon projects that have not been completed?

How is the benchmark not realistic?

How is half of the budget going into overhead?

There is no problem in borrowing to finance developmental projects sir.

If it is not growth oriented, we would have seen a lot of respected economists saying one thing or the other about that
If most of the money borrowed by this govt were used for developmental projects, people wont be complaining. Most of our debts goes to recurrent expenditure, debt servicing and misappropriation of funds.
Just look at today's Business day reporting that the CBN financed FG to the tune of over 4 trillion naira in 2018 which is against the CBN rule. So let's ask ourselves, what did the FG do with all that money including the ones we borrowed?


As for the OP, I have hope that Salami and Soludo will tell the President the gospel truth about how to make Nigeria productive and business friendly. The problem is, will Buhari put to action their recommendations? Your guess is as good as mine.
PoliticsRe: Boniface Igbeneghu: Bukola Saraki Reacts To UNILAG Lecturer's Sex Scandal by signz: 10:07pm On Oct 07, 2019
I don't understand why most people here are making fun of Saraki instead of asking why Buhari didn't sign that bill into law.
PoliticsRe: Boniface Igbeneghu: Bukola Saraki Reacts To UNILAG Lecturer's Sex Scandal by signz: 9:54pm On Oct 07, 2019
TheShopKeeper:
...why can't saraki during the 8th senate pass the bill into law...
The bill was passed by Saraki led Senate but President Buhari didn't sign it into law.
PoliticsRe: Border Closure: Hameed Ali Reveals How Customs Made N9.2bn In Just One Day by signz: 9:27am On Oct 03, 2019
Lies!


Lies!


Lies!


If true, why are they trying to be bring back road tax, data & dstv tax, etc. Why are they impoverishing Nigerians with increase in taxes.

This is simply AUDIO MONEY
CrimeRe: P&ID: Fear Grips Ex, Serving Officials As EFCC, NASS Uncover More Details by signz: 12:38pm On Sep 29, 2019
Blue3k:
Nigeria shouldn't be trusted hence why companies opt for British law. Just recently NPA canceled Badagry deep seaport project. That's going to be another future lawsuit waiting for Nigeria. Its crazy how the state and people refuse to learn their lesson.
Exactly!!!

I heard a rumour somewhere that another company may sue us because of Mambila power project.

P&ID just opened the eyes of many foreign companies
CrimeRe: P&ID: Fear Grips Ex, Serving Officials As EFCC, NASS Uncover More Details by signz: 7:35am On Sep 29, 2019
Yankee101:
Include lawyers with 'deep' international contract law knowledge in drafting any Agreement. The last time i checked sovereign nations are immune to prosecution, assets seizure and regular laws in common courts, especially if they invoke national security.

Insert in all contracts the right of the govt to unilaterally withdraw from any contract within resonable boundries of mitigating circumstances. Sh.iiiiittttt! A change in government can torpedo any contract awarded without recourse to due process.


And never submit yourself to outside laws other than your country's. You copy the united states system of govt, why submit yourself to irish or British laws?
Everything you said here is perfect.

However, Nigeria is notorious for always reneging on contracts signed. It has happened over and over given the reason why P&ID and the cabal that time agreed for contact to be under the UK law.

An Oil expert on radio program said that contracts like this have always been one of the ways our elites syphon oil money from the NNPC from inception.

A friend who's doing his MBA in LBS told me that because of this well publicised P&ID issue, there are fears by economists that most foreign companies wanting to do business with our FG may likely include that the contracts must be under the British law.
CrimeRe: P&ID: Fear Grips Ex, Serving Officials As EFCC, NASS Uncover More Details by signz: 7:13am On Sep 29, 2019
KingOfAllIgbos:
The initial deal was signed by a mysterious person who couldn't have been Yaradua (President) and GEJ (VP)... the agreement to make the payment for defaulting on the contract (850 million USD) was signed by President GEJ.

Get your facts right...
Ok now are we not about to cough out $450 mhuh

$450m just like that before our appeal is heard.

$250m to the company to be paid in 60 days and $200m to the court to be paid before 14 days or vice versa if I'm not mistaken.

Just another $400m and it'll be equal to $850m that GEJ agreed to be paid to them.

By the time the case is over, we may cough out up to $1bn.

Are we sure that we'll get judgement at the appeal?

I'm not a lawyer but whatever Justice Belgore told them was actually what nailed us and we may finally nail us in the appeal.
CrimeRe: P&ID: Fear Grips Ex, Serving Officials As EFCC, NASS Uncover More Details by signz: 6:50am On Sep 29, 2019
KingOfAllIgbos:
angry

I am not a big fan of Buhari, I frankly believe he is a Dullard. BUT....

On reading the Bloomberg article and that of (let me check his username) I was shocked beyond words.

GEJ deliberately signed the agreement to pay these thieves simply because he had lost the election ( he signed 2 months before handover)

Regardless of his flaws, for only this PI& D case, Buhari would forever remain a Hero / Defender of Nigeria.


All the collaborators and collaborators like Alfa Belgore shouldn't just be jailed. They should also be shot publicly.

I would post the 2 links, let me dig them up
GIST
TravelRe: Saudi Arabia Shuns Nigeria, Okays Tourist Visas For 49 Countries by signz: 6:38am On Sep 29, 2019
Saudi is now thinking about a world without oil. They produce at least 10m barrels per day but they're now diversifying.

Meanwhile our beloved Nigeria is still wasting money looking for oil in Lake Chad, a place with all due respect doesn't have oil in Large quantities. We've still not put in place critical infrastructures that'll help speed up the diversification of our economy. It's as if we don't want to diversify.

Infcat our Leaders still believe that something will still happen and oil prices will increase to above $100. Saudi lost 5m barrels per day and the price moved up by an inch, wise people should've seen it as a danger sign but no not us.

Our biggest customer India says in about 2 years all public buses will be electric.
SportsRe: "The Super Eagles Thread: The Road To AFCON 2027, 2028 And 2030 World Cup by signz: 1:33pm On Sep 28, 2019
tbaba1234:
Lampard says Tomori is now is first choice defender from being the 4th choice.
Well it's all over for Super Eagles, Tomori will soon be capped by the 3 Lions
PoliticsRe: 2023 Presidency: El-rufai’s Men Rev Up Campaign by signz: 12:17pm On Sep 21, 2019
He's just testing the waters.

Sai Baba is going for 3rd term. In the event that 3rd term fails (highly unlikely or except to Ill health), Rumour has it that the cabal wants to hand over to a Kanuri from North East with the excuse that they've never produced a President.
PoliticsRe: Enugu, The Pride Of The East. by signz: 8:32am On Sep 21, 2019
eaglechild:
Is there any law that prohibits the Enugu state government from repairing the damaged parts of Enugu-Onitsha road that passes through the centre of the capital city?
Between the 82 division and trans ekulu is not motorable on one side and this is putting tremendous pressure on the ekulu bridge/flyover.
That structure is a ticking time bomb.
The previous government did a lot of work in the city center and high streets.
One was expecting this government to pick up and complete other suburbs and huge population hubs like Abakpa and Emene which are key to keeping housing costs affordable and the city livable.
But they are just docile. To me this is a deliberate way to tactfully loot.
This government as far as I'm concerned has no interest in doing any novel project.
They are just shortchanging the electorate.
If Enugu continues on this part of a particular party ticket guaranteeing victory at the polls the state will be run aground.
It is just a matter of time.
As you can see from this thread nothing is happening in Enugu. Few days ago, #Gburugburuisnotworking trended on Twitter.

Like Nigeria, I'm also hearing that Enugu is broke. Reason why we're amongst states without commissioners.
PoliticsRe: Fayemi, Wike’s Newfound Friendship Set Tongues Wagging by signz: 8:14am On Sep 21, 2019
I don't blame Woke, if I was in his shoes I'll probably do same.

Especially now that it's certain that Sai Baba will get his 3rd term wish.
PoliticsRe: Ikpeazu Arrives Burkina Faso (Photos) by signz: 9:22pm On Sep 14, 2019
I guess he's one of the PDP governors that Wike was talking about.
PoliticsRe: Enugu, The Pride Of The East. by signz: 1:05am On Sep 13, 2019
ChimaAdeoye:
Upon Closure of the Akanu Ibiam International Airport, the FAAN pledged that they will divert flights to Port Harcourt and pronounce a firm re-opening date for the airport.

After more than 2 weeks of closure, the FAAN has denied Ethiopian Airline access to land Enugu passengers in Port Harcourt International airport. Instead they told the airline to inform such passengers that they will be flown to Kano, Abuja or Lagos!


To expose their true intention of closing down the airport was merely to kill it, they have neither started any repairs at the airport nor stated how long the so called "Repairs" will take.

This is just for those who gullibly believed that the FG closed down Enugu International airport for "Repairs" and that convenience of the passengers would be taken into consideration by flying them to Port Harcourt or Asaba International airports.

It should be very clear by now to all doubting Thomases that the intention was to close down the airport indefinitely and they won't bother themselves to do any so called repairs they claimed as excuse to close the only international airport in the Southeast region.


The Enugu state Governor and indeed the Southeast Governors should impress upon the Federal Minister for Aviation,NCAA and FAAN to make a true pronouncement of the firm date for reopening of the airport.

Also the Ethiopian airlines should not be forced to transfer all their Enugu passengers to Kano, Abuja or Lagos flights by denying them landing access to Port Harcourt International airport. Enugu bound passengers should be flown to Port Harcourt Intl. as stated before closure of the Akanu Ibiam International airport. Or flown to Asaba International airport which is the nearest international airport to Enugu and has a brand new 3.5 KM runway, taxiway and modern facilities of international standards as recently certified by NCAA , FAAN and even Hadi Sirika himself.



https://www.youtube.com/watch?v=pXaaDeE3lOU
.




[/b]Our international airport seems to have entered voicemail[b]


December Reopening Not Realistic – Source
There are strong indications that the December 2019 date for reopening of the Akanu Ibiam International Airport, Enugu State, may not be feasible.

Investigations by The Guardian revealed that more than two weeks after the airport was shut to traffic to make way for the repair of its runway and general rehabilitation, work is yet to commence even as there is no budget to that effect.

It was further gathered that even the contracts outlined were yet to be awarded as a result of the Federal Government’s inability to decide, which construction firm (between Julius Berger and PW) was suited for the job, scope of work to be embarked upon, and the road repairs in the zone aimed at cushioning the effect of the closure. The airport was closed on August 24.


The Minister of Aviation, Hadi Sarika, told reporters after his meeting with southeast governors, Ohanaeze Ndigbo, and other stakeholders in Enugu, last weekend, that the airport’s runway would be rehabilitated and extended, damaged tarmac rebuilt, and new landing equipment with night landing facility installed, but failed to disclose the contract sum and who among the contractors had been awarded the job.

Southeast governors on their own did not hide their preference for Julius Berger following alleged poor job earlier done on the runway by PW.

A competent source in the Aviation Ministry told The Guardian that funding may delay the work as about N6.5b is needed to rehabilitate and expand the runway alone, while another N1.5b will be required to fix the runway lights and bring it to international standard.

The source added that while the runway would be expanded from three kilometres to about 3.6 kilometres, the fencing of the airport to enhance security may take an additional N100m.

The source further disclosed that the delay in the takeoff of works was compounded by the level of disrepair on alternative routes suggested by the Federal Government for air users in the zone to get to Owerri, Asaba and Port Harcourt airports.

The alternative routes in the South East, which, would serve as palliatives to the airport’s closure are completely impassable, without immediate intervention, they would not serve that purpose.

Already governors of the zone have written to the Ministry of Works and Housing alerting on the dangers posed by the alternative routes and called for immediate responses.

The letter written on September 5, was signed by the Director-General of Southeast Governors’ Forum, Prof. Simeon Ortuanya.

It had highlighted the current state of the roads, frustrations that users face and called for emergency repairs.

Meanwhile, governors of the zone have inaugurated a Project Supervision and Implementation Committee to oversee the palliative measures suggested by the federal government. The committee led by Chris Okoye, Commissioners of works from the five states; Prof. Fred Eze representing Ohanaeze Ndigbo, and Archbishop Fred Ede, representing the clergy.


https://m.guardian.ng/news/no-budget-for-repairs-of-akanu-ibiam-airport/
PoliticsRe: Enugu Airport Ready Before Christmas -aviation Minister by signz: 12:59am On Sep 13, 2019
InvertedHammer:
/

Kindly read again. I highlighted the most important statement.

Good bye Akanu Ibiam Airport.

/
[/b]To further butress your point[b]


December Reopening Not Realistic – Source
There are strong indications that the December 2019 date for reopening of the Akanu Ibiam International Airport, Enugu State, may not be feasible.

Investigations by The Guardian revealed that more than two weeks after the airport was shut to traffic to make way for the repair of its runway and general rehabilitation, work is yet to commence even as there is no budget to that effect.

It was further gathered that even the contracts outlined were yet to be awarded as a result of the Federal Government’s inability to decide, which construction firm (between Julius Berger and PW) was suited for the job, scope of work to be embarked upon, and the road repairs in the zone aimed at cushioning the effect of the closure. The airport was closed on August 24.


The Minister of Aviation, Hadi Sarika, told reporters after his meeting with southeast governors, Ohanaeze Ndigbo, and other stakeholders in Enugu, last weekend, that the airport’s runway would be rehabilitated and extended, damaged tarmac rebuilt, and new landing equipment with night landing facility installed, but failed to disclose the contract sum and who among the contractors had been awarded the job.

Southeast governors on their own did not hide their preference for Julius Berger following alleged poor job earlier done on the runway by PW.

A competent source in the Aviation Ministry told The Guardian that funding may delay the work as about N6.5b is needed to rehabilitate and expand the runway alone, while another N1.5b will be required to fix the runway lights and bring it to international standard.

The source added that while the runway would be expanded from three kilometres to about 3.6 kilometres, the fencing of the airport to enhance security may take an additional N100m.

The source further disclosed that the delay in the takeoff of works was compounded by the level of disrepair on alternative routes suggested by the Federal Government for air users in the zone to get to Owerri, Asaba and Port Harcourt airports.

The alternative routes in the South East, which, would serve as palliatives to the airport’s closure are completely impassable, without immediate intervention, they would not serve that purpose.

Already governors of the zone have written to the Ministry of Works and Housing alerting on the dangers posed by the alternative routes and called for immediate responses.

The letter written on September 5, was signed by the Director-General of Southeast Governors’ Forum, Prof. Simeon Ortuanya.

It had highlighted the current state of the roads, frustrations that users face and called for emergency repairs.

Meanwhile, governors of the zone have inaugurated a Project Supervision and Implementation Committee to oversee the palliative measures suggested by the federal government. The committee led by Chris Okoye, Commissioners of works from the five states; Prof. Fred Eze representing Ohanaeze Ndigbo, and Archbishop Fred Ede, representing the clergy.


https://m.guardian.ng/news/no-budget-for-repairs-of-akanu-ibiam-airport/
PoliticsRe: Buhari Vows To Tackle 77% Rise In Crude Oil Theft by signz: 7:22am On Sep 11, 2019
The moment he tries to stop it or even reduce by a huge %percentage, militants will start blowing up oil pipelines and installations again.

The reason why it seems like the militants have gone underground is because most of them are now into illegal oil bunkering.
SportsRe: "The Super Eagles Thread: The Road To AFCON 2027, 2028 And 2030 World Cup by signz: 8:48pm On Sep 10, 2019
Chukwueze take style dey "sell fish"
SportsRe: "The Super Eagles Thread: The Road To AFCON 2027, 2028 And 2030 World Cup by signz: 2:42pm On Sep 10, 2019
gamaliel9:
That Olisa Ndah was class act....he plays like that Ivory Coast defender at Club Brugge Deli or something like that name...very good with both feet especially left foot
Do you know if he's related to Ndubuisi Ndah?

Ndubuisi played for Rangers in the 90s and also played in the Maltese league.
PoliticsRe: In Lagos Civil Service, Goodbye ‘hard-work’ by signz: 3:14am On Sep 04, 2019
The one that I didn't find funny was the redeployment of Taiwo Salaam from the Transport ministry.

I heard him being interviewed by Jimi Disu on Lagostalks and I was shocked that such an intelligent man could be found in Lagos civil service. Hes a thorough bred traffic management professional. If it's possible, he should resign and be a traffic management consultant not just in Nigeria but Africa.
CrimeRe: Young Shall Grow Driver Foils An Armed Robbery Attack Along Ore Road by signz: 8:16am On Aug 17, 2019
Flame4chi:
I'm on the road presently. May God guide and protect us. Your prayers will go a long way.
How far? Hope you arrived your destination without any bad incident
SportsRe: "The Super Eagles Thread: The Road To AFCON 2027, 2028 And 2030 World Cup by signz: 2:30pm On Aug 16, 2019
komekn:
Uduokhai what makes him outstanding playing for Wolfsburg❓ Is he the first choice ❓ ❓ Style of play accolades, strengths and even weaknesses.

He is near 22 and has played 29 games for Wolfsburg since 2017 that's not impressive. There is not a lot of interest by way of transfer and or the German National team.

I really don't know too much about him beyond he is Edo 9ja German and he plays for Wolfsburg.

Comparing him to Fikayo Tomori just the games he played last season is almost equal to Udokhai career total. Tomori was credited arguably as the best CB in the Championship. Multiple EPL clubs queuing up to sign him. [/b]Clearly outstanding but highly unlikely to get into the England set up[b].

In this regard we can clearly see what Fikayo brings to the dinner table a three course meal � a La cart menu meanwhile Udokhai just brings bland boiled potatoes with German Frankfurter to me.

Or please tell me more is he better than what we have. Because IMO Fikayo Tomori clearly is.
Are you sure?

I ask because I think he'll play a big part for Chelsea this season. Immediately I saw him being brought in against Liverpool, I said to myself we've lost this guy.
SportsRe: "The Super Eagles Thread: The Road To AFCON 2027, 2028 And 2030 World Cup by signz: 10:14am On Jul 28, 2019
Icon4s:
I do not expect an article of this sort from a respected journalist like Colin Udoh. undecided

We all know these issues exist. Nothing new in what he has written. He should be proffering solutions instead.
Many of his colleagues don't agree with his article.

Example every morning in traffic I always listen to Lagos talks 91.3 sportstalk by 8am, the analysts (journalists) Segun Agbede, Dumnodi Okonta, Joseph Faulkner,etc always clamour for the inclusion of Home based players. Infact Segun Agbede even suggested that the NFF should impose home based players on Rohr and programs like sportstalk have huge listenership.

So Colin's article is good and timely too.
NYSCRe: Soldiers Storm Ondo NYSC Orientation Camp, Beat Staff Up (Photos) by signz: 4:00pm On Jul 12, 2019
jrusky:
Bro read your post again and again. [/b]Though the officer has bought market already for his face to be shown on social.media[b] for his act of brute but bro you are not acting wisely by wearing the camo you are arrogantly talking about.

The army said for security reason no civilian is allow to wear camo to avoid unecessary drama which you are well aware of And you deliberately wore it and you are here forming Mike Tyson and Jackie Chan bahhuh

If the army descend on you for being deliberately ignorant you will come here to blame Buhari. Bro simple instruction dont wear camo pls can't you just listenhuh Dont you have other dresshuh

I'm from a millitary home infact a very high ranking one indeed but my dad warn us everyday never to wear any millitary stuff to avoid drama but look at you.
He can deny it. Fortunately, it wasn't a video of the event that was shown. wink
TV/MoviesRe: What Movie Are You Watching Now? by signz: 2:45pm On Jul 09, 2019
joseph1832:
Watching Shaft at the moment and the humour is first class. Men!. I haven't laughed this hard in a long time. Wow.
Shaft has got to be the funniest film I've seen this year.
BusinessRe: Billionaire Femi Otedola Sells Forte Oil, Exits Fuel Business by signz: 8:04pm On Jun 19, 2019
There isn't much money to be made in the downstream sector any more, at least by his standard.

Buhari wants NNPC to be importing most of our PMS and also the initial gra gra against illegal refineries has stopped, atleast 50% of diesel (very very conservative figure) used in SE/SS are now from illegal refineries.

Let's not forget that Buhari is being pressure to increase NEPA bill, liberalise the power sector more so as to attract more investments in that secotr. So it makes business sense for Ote$$$ to divest to power.

So to Otedo$$$, money made in the downstream sector now is not worth his time any more.

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